This week is crucial for American consumers due to two significant events: the presidential election and the Federal Reserve’s anticipated interest-rate cut. The outcome of these events will shape their financial futures.
A presidential election is being held on Tuesday between Democratic nominee Kamala Harris and Republican nominee Donald Trump. This marks a similar scenario as 2020, when Joe Biden and Donald Trump were also on the ballot.
Following the voting results, the Federal Reserve’s meeting is scheduled for Wednesday-Thursday. The Fed’s anticipated interest-rate cut will impact consumers’ financial situations, making this week a pivotal moment in their financial lives.
Source: https://www.marketwatch.com/story/why-this-week-is-so-crucial-for-american-consumers-and-its-not-just-the-election-0373edc9